They also want to increase the capital gains tax. That would be all the beautiful dollars people make after they sell the stocks and get the cash.
By the way, all the money that you used to purchase the stocks in the first place was already taxed as part of your income tax. These people are crooks.
I would sarcastically say, "thank the liberal retards that voted these people in," but no one actually voted for these cheating, lying fucks.
This is fucking outrageous. You can't simply save your money because inflation eats away at over the course of 30 - 40 years. Can't make more money because they allow countries like China to take advantage of our trade policies and ship jobs overseas while at the same time importing low skilled works by the millions. Now they want to shove any regular person out of the market by taxing unrealized gains. As a small time investor, and when I say small time I'm playing with a couple thousand $, I'd have to pull my money out because I couldn't afford to pay taxes on money I haven't even earned.